ECB interest rates could be lowered next year, say analysts

HOMEOWNERS are unlikely to see any interest rates hikes in the coming months, with figures also showing the cost of living edged lower, as did the price of insurance, entertainment and cars.

The European Central Bank (ECB) has signalled that interest rates are now on hold, with some analysts saying they could even be cut at the end of the year or the start of 2012.

The ECB said it was keeping interest rates at 1.5%, following hikes in April and June.